Banks Sell the Most Bonds Since 2016

DEBT MARKETS

Banks Sell the Most Bonds Since 2016

Banks went berserk issuing bonds, raising a whopping US$23.5 billion in ONE day last week.

This was the most sold since 2016.

I guess the Bull market for equities is over?

MARKETS

Fintech Klarna Files for IPO

The buy-now-pay-later fintech, Klarna, has filed for an IPO in the US (pending SEC approval).

The company is estimated to be valued between $15 billion to $20 billion, down from its estimated value back in 2021 of $46 billion.

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